Why isn the silver price higher?
I’m glad you recognize that silver should be higher. Clearly, not everyone does. If everyone did, the silver price would already be higher. It is my estimation that less than 1 person in 1000 is even interested in silver, and that most of those who are interested in silver do not understand or agree with the main things that I think are keeping the silver price low. For example, economists in 1971 said that when gold would no longer back the currency, that the gold price would collapse. Clearly, that did not happen, as gold prices moved from $35 to $850 over the next ten years. But in the long run, the economists were right. Lack of monetary demand caused the gold price to sink far below the inflation adjusted price of $35/oz, by the time gold hit $250/oz. in 1999, which was about $20/oz. in 1971 dollars. The same thing happend with silver, only the price changes were more extreme. It is my belief that since silver is not used as money, there is less demand for silver than there would
